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☆ China's Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool
▼ + stars: | 2024-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The newly-released models, known as Qwen 2.5, are designed for use in applications and sectors ranging from automobiles to gaming and science research, Alibaba said. AI models are trained on huge amounts of data. By open sourcing the models, Alibaba hopes more users will use its AI. Alibaba also launched a new text-to-video tool based on its AI models. "Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure," Eddie Wu, CEO of Alibaba, said in a statement.

Persons: Alibaba, Max, Sora, Eddie Wu Organizations: Baidu, Huawei, titans, Microsoft, Max Locations: Nanjing, Jiangsu province, China, Hangzhou

☆ Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants
▼ + stars: | 2024-05-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit's international arm touted the company's AI products as a way to fuel growth. "We want to have ... more efforts and investments for our international data centers," Selina Yuan, President of Alibaba Cloud's international division, told CNBC in an interview on Wednesday. The push for growth follows a turbulent time for Alibaba Cloud, after the division scrapped a planned initial public offering and underwent a management reshuffle. Alibaba's cloud division began to expand internationally in 2015 with so-far mixed results. Amazon , Microsoft and Alphabet -owned Google account for around 67% of global cloud market share, according to Synergy Research Group.

Persons: Selina Yuan, Alibaba, — Organizations: CNBC, Microsoft, Synergy Research Locations: Mexico, Malaysia, Thailand, South Korea, China, Asia

☆ Alibaba rolls out latest version of its large language model to meet robust AI demand
▼ + stars: | 2024-05-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies. Alibaba Cloud said the latest version of its Tongyi Qianwen model, Qwen2.5, possesses "remarkable advancements in reasoning, code comprehension, and textual understanding compared to its predecessor Qwen2.0." Large language models power artificial intelligence applications like OpenAI's ChatGPT. The latest Qwen model fares better than OpenAI's GPT-4 model in language and creation capabilities, but fell short in other categories like knowledge, reasoning and math, according to a March analysis by large language model evaluation platform OpenCompass.

Persons: Alibaba Cloud, Zhou, Alibaba, OpenAI's Locations: Huangpu District, Shanghai

☆ Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
▼ + stars: | 2024-02-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Alibaba 's cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China. The move aims to make "cloud capabilities more inclusive and accessible in the era of AI," Alibaba Cloud said. "As the biggest cloud service provider in China and APAC, we see tremendous growth prospect of China's digital market," said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. "One is using cloud to support generative AI initiatives. With its massive calls on compute, storage, and networking, generative AI needs cloud to scale.

Persons: Alibaba, Liu Weiguang, Liu, OpenAI Organizations: Alibaba, Holding, Smart, Alibaba Cloud Intelligence, McKinsey Locations: Chongqing, China

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.

Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, ”, Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, —, Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba

☆ Alibaba Cloud suffers second service outage in a month
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. The impact was mainly felt by several of Alibaba Cloud's database management products, including PostgreSQL, Redis and MySQL editions. "From 09:16 Beijing time (0116 GMT) on November 27, 2023, Alibaba Cloud monitoring detected abnormalities in console and OpenAPI access for database products," Alibaba Cloud said in a statement posted on its websites on Tuesday. "This is hugely damaging to Alibaba Cloud's brand image as a reliable cloud service provider."

Persons: Dado, Alibaba, Feng Ruohang, Yelin Mo, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei, China Telecom, HK, IDC, Thomson Locations: Rights BEIJING, HK, China, Hong Kong, United States, Beijing, Shanghai, Virginia, U.S, East Asia, Southeast Asia, East, North America

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Two company sources told Reuters that Ma's move had generated a lot of discussion within the company, as did Jiang's post. Alibaba and the Jack Ma Foundation, the philanthropic organization that handles media queries for the billionaire, did not immediately respond to requests for comment. In her internal note, Jiang also repeated comments from Ma's family office shared with the Alibaba-owned newspaper South China Morning Post on Friday that Ma remained "very positive" about Alibaba and that his family trust eventually did not sell a single share. The company has also been grappling with some upheaval in its top ranks, welcoming a new CEO, Eddie Wu, in September.

Persons: Dado, Jack Ma's, Jiang Fang, Jiang, Jack Ma, Ma, Alibaba, Eddie Wu, Daniel Zhang, Casey, Jenny Wang, Brenda Goh, David Evans Organizations: REUTERS, Rights, HK, Reuters, Jack Ma Foundation, China Morning, Casey Hall, Thomson Locations: Rights SHANGHAI, BEIJING, Shanghai, Beijing

"Investors had hoped to receive separate shares of the cloud business in hopes the segment could achieve a higher multiple in the public markets due to its growth potential." The company then appointed Eddie Wu, one of Alibaba Group's co-founders and long-time lieutenant of former chief Jack Ma, as both CEO of Alibaba and the cloud business. Instead the group would focus on growing the cloud business and providing investment for its AI drivers, he said. [1/2]3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Alibaba International Digital Commerce, a business that includes platforms such as Lazada and AliExpress, however reported a 53% rise in revenues, with retail revenue up 73% year-on-year.

Persons: Cainiao, Thomas Hayes, Alibaba's, Daniel Zhang, Eddie Wu, Alibaba Group's, Jack Ma, Zhang, Joseph Tsai, Tsai, Wu, Dado Ruvic, Alibaba, Akash Sriram, Brenda Goh, Sam Holmes, Arun Koyyur, Jane Merriman Organizations: Alibaba, HK, Tencent Holdings, Alibaba's, Investors, Analysts, Cloud Intelligence Group, REUTERS, Alibaba Group Holdings, PDD Holdings, Digital Commerce, Casey Hall, Thomson Locations: U.S, China, Hong Kong, Alibaba's U.S, Bengaluru, Shanghai

☆ Alibaba cancelling its cloud unit spin-off may actually be better for shareholders: Analyst
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba cancelling its cloud unit spin-off may actually be better for shareholders: AnalystVey-Sern Ling of UBP calls Alibaba Cloud one of the "crown jewels" of the Alibaba empire and says that a spin-off of the unit would have reduced the group's shareholder value.

Persons: Sern Ling, UBP, Alibaba

☆ Reaction to Alibaba's scrapping of cloud unit spin-off
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Alibaba said its decision to shelve the spin-off was due to uncertainties fuelled by U.S. curbs on exports to China of chips used in artificial intelligence applications. Following are what people are saying about the decision:LI CHENGDONG, BEIJING-BASED TECH AND E-COMMERCE ANALYST:"I believe scrapping the cloud unit's IPO reflects a new development strategy implemented by the new leadership. In short, I think prior decisions to restructure and IPO certain business units will have to be reassessed based on prevailing market conditions. The international business is one of the few Alibaba units that’s growing fast, which puts it in a better position to explore external funding."

Persons: Dado Ruvic, Alibaba, LI, Daniel Zhang, Zhang, BRIAN WONG, CHARLIE CHAI, Eddie Wu, SERN LING, Casey, Josh Ye, Yelin, Anne Marie Roantree, Muralikumar Anantharaman Organizations: REUTERS, China's, HK, Cloud Intelligence, Casey Hall, Thomson Locations: HONG KONG, Hong Kong, China, BEIJING, AliCloud, Alibaba, Shanghai, Yelin Mo, Beijing

☆ China's Alibaba to scrap cloud unit spinoff in response to US chip curbs
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] 3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 16 (Reuters) - China's Alibaba Group Holding (9988.HK), said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applications. Its U.S.-listed shares fell about 5% in premarket trading after it also reported second-quarter revenue in line with market expectations. "The recent expansion of U.S. restrictions on export of advanced computing chips has created uncertainties for the prospects of Cloud Intelligence Group," Alibaba said. The e-commerce giant posted revenue of 224.79 billion yuan ($31.01 billion) in the quarter, compared with analysts' average estimate of 224.32 billion yuan, according to LSEG data.

Persons: Dado Ruvic, Alibaba, Pinduoduo, Eddie Wu, Alibaba Group's, Jack Ma, Daniel Zhang, Akash Sriram, Sam Holmes, Arun Koyyur Organizations: REUTERS, HK, U.S, Cloud Intelligence Group, PDD Holdings, Thomson Locations: United States, Bengaluru

☆ Alibaba upgrades AI model Tongyi Qianwen, releases industry-specific models
▼ + stars: | 2023-10-31 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The Alibaba Cloud logo is displayed near a screen showing the website of its Tongyi Qianwen AI chatbot, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsHONG KONG, Oct 31 (Reuters) - Chinese technology giant Alibaba (9988.HK) said on Tuesday it has updated its artificial intelligence (AI) model Tongyi Qianwen and released a suite of industry-specific AI models amid an intensifying AI race among tech companies. It also said it has launched eight AI models for the entertainment, finance, healthcare and legal industries. The GPT-3 AI model from Microsoft-backed (MSFT.O) OpenAI contained 175 billion parameters in 2020 and Meta Platform's (META.O) Llama 2 model had 70 billion parameters in 2023. At the conference, Chairman Joe Tsai also said about half of large-language AI models in the China now run on Alibaba Cloud.

Persons: Florence Lo, Tencent, OpenAI, Joe Tsai, Josh Ye, Brenda Goh, Jacqueline Wong, Christopher Cushing Organizations: REUTERS, HK, Microsoft, Meta, Thomson Locations: HONG KONG, Hangzhou, China

☆ China's AI applications are coming — where it matters for monetization
▼ + stars: | 2023-09-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app. It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships. "Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week. Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China. Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.

Persons: Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, –, Ernie, Oliver Wyman's David Xie Organizations: Baidu, KFC Locations: Beijing, China, Taobao, TikTok

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Sept 13 (Reuters) - Alibaba said on Wednesday it would open its artificial intelligence model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. He was replaced by newly installed Alibaba Group CEO, Eddie Wu. In an internal letter to Alibaba staff on Tuesday, Wu said that AI would be at the centre of Alibaba Group's future strategy. Alibaba first unveiled Tongyi Qianwen in April, saying at the time that the AI large language model, which is similar to ChatGPT, would be integrated into all business applications.

Persons: Aly, Alibaba, Daniel Zhang, Eddie Wu, Wu, Tongyi Qianwen, Casey Hall, Tom Hogue Organizations: Artificial Intelligence, REUTERS, Rights, Cloud Intelligence Division, Zhejiang University, Thomson Locations: Shanghai, China, United States, DingTalk, Alibaba

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Zhang also handed over the role of group CEO to Wu on Sunday as scheduled. "Alibaba Cloud has lost some ground with government and state-owned enterprise clients, which were previously a stronghold for the company," Li said. "During his leadership tenure, Alibaba Cloud's business did not improve significantly despite his efforts. Zhang likely realised that the challenges facing Alibaba Cloud's lacklustre growth were beyond what he could influence or control as an individual executive."

Persons: Aly, Daniel Zhang, Alibaba, Eddie Wu, Zhang, Wu, Canalys, Li Chengdong, Li, Sern Ling, Union Bancaire Privee, Donny Kowk, Josh Ye, Yelin, Anne Marie Roantree, Brenda Goh, Muralikumar Anantharaman, Christopher Cushing Organizations: Artificial Intelligence, REUTERS, China's, Reuters, DAMO Academy, Huawei Technologies, Union Bancaire, HK, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong, HK, Alibaba, Beijing, Yelin Mo

☆ Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business
▼ + stars: | 2023-09-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The move comes months after Alibaba said in June that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit. Stock Chart Icon Stock chart iconIn a surprise leadership reshuffle in June, Alibaba announced that Zhang was bowing out as both CEO and chairman on Sept. 10 to focus on the cloud intelligence business. Zhang was Alibaba Group CEO since 2015 and the group chairman since 2019. He has also been chairman and CEO of the Alibaba Cloud Intelligence Group since 2022. "The board of our Company expresses its deepest appreciation to Mr. Zhang for his contributions to Alibaba Group over the past 16 years," Alibaba said in the Sunday statement.

Persons: Daniel Zhang Yong, Daniel Zhang, Alibaba, Zhang, Eddie Wu, Wu, Joseph Tsai Organizations: Alibaba, Fund, Visual China, Getty, Alibaba Group, Cloud Intelligence Group, Company Locations: Lanzhou, Gansu Province, China, Hong Kong

☆ Former Alibaba CEO Daniel Zhang quits cloud in surprise move amid landmark restructuring
▼ + stars: | 2023-09-11 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company’s cloud division in a surprise move announced just months after he assumed the pivotal role. Daniel Zhang, the then CEO of Alibaba, speaks at a conference in Shanghai in November 2022. Han Haidan/China News Service/Getty ImagesEddie Yongming Wu will succeed Zhang as acting chairman and CEO of its cloud unit, Alibaba said Monday. Significant restructuringIn March, Alibaba announced it would split into six separate units, including cloud, e-commerce, logistics, media and entertainment. Analysts said Zhang’s departure from the cloud business came as a surprise, but should not affect a potential IPO of the unit.

Persons: Hong Kong CNN — Daniel Zhang, Zhang, “, “ Mr Zhang, Daniel Zhang, Han Haidan, Eddie Yongming Wu, Alibaba, Joseph C Tsai, Wu, Joe Tsai, Steven Ferdman, Tsai, —, ”, ” Tsai, Jacob Cooke Organizations: Hong Kong CNN, ” Citi, Alibaba, China News Service, Cloud Intelligence Group, Paley International, Paley Museum, CNN, Brooklyn Nets, New York Liberty, South China Morning, Alibaba Group, Analysts Locations: China, Hong Kong, Shanghai, New York, Alibaba

Goldman Sachs is bullish on e-commerce in China, naming it as one of its "most preferred" areas within China's internet sector. Top picks The analysts named Chinese e-commerce shares among the bank's top buy-rated stocks, two of which are on Goldman's conviction buy list of assets it expects will outperform the market. Goldman gave a target price of $138 for Alibaba's U.S.-listed shares, and 134 Hong Kong dollars ($17.09) for its Hong Kong-listed shares. Goldman Sachs gave Pinduoduo a target price of $129, following expectations of a sizeable profit in the longer term. The bank gave Tencent a target price of 431 Hong Kong dollars, accounting for a potential upside of around 32%.

Persons: Goldman Sachs, Goldman, —, — CNBC's Michael Bloom Organizations: Alibaba's U.S, Hong, Baidu Locations: China, Hong Kong

☆ Alibaba's cloud division eyes state firms for up to $3 bln fundraising- Bloomberg News
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 4 (Reuters) - Alibaba Group Holding Ltd's (9988.HK) cloud division is weighing raising funds via a private round from Chinese state-owned enterprises ahead of the business' market debut in Hong Kong, Bloomberg News reported on Monday. The tech giant is working with advisers on a potential fundraise by its Cloud Intelligence unit that could mop up about 10-20 billion yuan ($1.38-$2.75 billion), the report said, citing people with knowledge of the matter. Earlier this year, Alibaba announced plans to restructure into six units following a two-year regulatory crackdown on China's tech sector. It approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders, aiming to complete the public listing within the next 12 months.

Persons: Dado Ruvic, Alibaba, Shivani Tanna, Dhanya Ann Thoppil Organizations: REUTERS, Bloomberg, Cloud Intelligence, Cloud Intelligence Group, Ant, Thomson Locations: HK, Hong Kong, Alibaba, Bengaluru

☆ Baidu, SenseTime stocks rise from launch of ChatGPT-style AI bots to the public
▼ + stars: | 2023-08-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Chinese tech firms Baidu and SenseTime launched their ChatGPT-style AI bots to the public on Thursday, marking a new milestone in the global AI race. The news sent its shares 3.1% higher in New York on Wednesday and 4.7% higher in Hong Kong on Thursday. Meanwhile, SenseTime, an AI startup based in Hong Kong, also announced the public launch of its SenseChat platform on Thursday. China published new rules on generative AI in July, becoming one of the world’s first countries to regulate the industry. Since then, competitors such as Alibaba (BABA) and SenseTime have announced plans to launch their own ChatGPT-style tools, adding to the list of Chinese businesses jumping on the bandwagon.

Persons: SenseTime, ERNIE Bot, ERNIE, Alibaba, ”, Robin Li Organizations: Hong Kong CNN, Baidu, CNN, Alphabet’s Google Locations: Hong Kong, New York, China, United States

☆ Alibaba unveils open-sourced AI model similar to Meta's Llama 2
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: 1 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoHONG KONG, Aug 3 (Reuters) - Chinese tech giant Alibaba Group's (9988.HK), cloud computing unit released two open-sourced artificial intelligence (AI) models on Thursday in a bid to take on Meta Platform (META.O). The Hangzhou-based company said it will open-source two large language models (LLM), a type of AI model, named Qwen-7B and Qwen-7B-Chat on Thursday in a press release. Each model has 7 billion parameters, which is often used to measure the strength. This comes after Meta unveiled a similar open-sourced model named Llama 2 last month.

Persons: Dado Ruvic, HONG KONG, Josh Ye, Himani Sarkar Organizations: REUTERS, HK, Meta, Thomson Locations: HONG, Hangzhou

☆ Alibaba's cloud unit brings Meta's AI model Llama to its clients
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

[1/2] 3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. “Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama2 series in China, welcoming all developers to create customised large models on Alibaba Cloud,” Alibaba Cloud said in a statement on Tuesday published on its WeChat account. The U.S. has been actively looking to restrict Chinese companies' access to many U.S.-developed technologies related to AI, particularly in the area of AI semiconductors. Alibaba Cloud did not respond to a request for comment. Alibaba and its peers such as Tencent Holdings (0700.HK) have been aggressively developing their own AI models in recent months.

Persons: Dado Ruvic, Meta, Llama2, Alibaba, Google's Bard, Josh Ye, Muralikumar Organizations: REUTERS, OpenAI, Google, Microsoft, “, Meta, Tencent Holdings, HK, Thomson Locations: HONG KONG, HK, China, U.S, Beijing

☆ Meta's Llama 2 AI model is about to get a whole lot of use from Chinese companies, thanks to Alibaba
▼ + stars: | 2023-07-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Chinese businesses are about to get their hands on Meta's Llama 2 AI model. The free AI model will enter China at a time when US-China tensions over AI are rising. Meta's Llama 2 has a major new backer that is about to make its new and improved AI model available to a whole lot of Chinese companies: Alibaba. It's a move that is set to give Chinese businesses first-hand access to Meta's free AI model, Reuters reported. "Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama 2 series in China, welcoming all developers to create customized large models on Alibaba Cloud," Alibaba Cloud said in a statement on super app WeChat.

Persons: Meta, Marc Andreessen, Alibaba Organizations: Meta's, Reuters, China, Morning, Meta, Microsoft, Web Services, Silicon Locations: China, Silicon Valley, Washington, Beijing

☆ Chinese ministry holds meeting with Xiaomi, iFlytek and Alibaba Cloud
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: 1 min

BEIJING, July 11 (Reuters) - China's science and technology ministry held a meeting on July 5 with firms including Xiaomi, iFlytek and Alibaba Cloud to discuss innovation as well as national strategic scientific and technological initiatives, the ministry said on Tuesday. China will support private enterprises to create leading science and technology enterprises, and encourage more talents to gather in leading private science and technology enterprises, the minister Wang Zhigang said in a statement. Reporting by Beijing newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Zhigang, Himani Sarkar Organizations: Xiaomi, Beijing, Thomson Locations: BEIJING, China

☆ China's Alibaba unveils AI image generator to take on Midjourney and DALL-E
▼ + stars: | 2023-07-07 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

HONG KONG, July 7 (Reuters) - Alibaba Group Holdings Ltd (9988.HK) announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it ramps up its offerings in the fast-growing AI sector. The image generator, Tongyi Wanxiang, will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud, recently formed from a massive overhaul that split the Chinese tech major into six units, has also released a ChatGPT-like text generator, Tongyi Qianwen, which was launched in April. Baidu Inc (9888.HK) and SenseTime Group Inc <0020.HK > also recently unveiled AI image generators, although generative AI services have yet to receive regulatory approval for wide distribution in China. The Tongyi Wanxiang image generator, which roughly translates as "truth from tens of thousands of pictures", was revealed at the World Artificial Intelligence Conference in Shanghai on Friday.

Persons: Wanxiang, OpenAI's DALL, Inc's Midjourney, OpenAI's, chatbot, Josh Ye, Edmund Klamann Organizations: Alibaba Group Holdings, HK, McKinsey, Baidu Inc, SenseTime, Artificial Intelligence, Thomson Locations: HONG KONG, U.S, China, Shanghai

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